Most of the Asian equity benchmarks are trading lower on Monday, in a choppy session with worries about the impact of the US-China trade conflicts on the tech sector, and as the markets waited for cues ahead to key central bank meetings, including the US Federal Reserve and the Bank of Japan, later this week. However, losses were trimmed with the better than expected Chinese factory activity in September. Japan's Nikkei is trading negative with major exporters are mostly lower amid conflicting signals on the trade-war front. Among the other Asian markets, South Korea, Indonesia, Singapore, Shanghai, and Malaysia are in negative trend. However, Hong Kong and Taiwan are in positive lead.
Nikkei 225 down 180.16 points 0.82% to 21,698.74, Straits Times narrowed 9.70 points or 0.31% to 3,115.93, Taiwan Weighted diminished 42.31 points or 0.39% to 10,829.68, Jakarta Composite reduced by 28.60 points or 0.46% to 6,168.29, Shanghai contracted 11.71 points 0.40% to 2,920.46 and FTSE Bursa Malaysia KLCI narrowed 0.11 points 0.01% to 1,584.03.
On the flip side, Hang Seng increased 134.07 points or 0.52% to 26,088.88, KOSPI Index up 8.55 points or 0.42% to 2,058.48.
